Summit Creek Advisors LLC Sells 20,510 Shares of Qualys, Inc. (NASDAQ:QLYS)

Summit Creek Advisors LLC lowered its stake in shares of Qualys, Inc. (NASDAQ:QLYS - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,822 shares of the software maker's stock after selling 20,510 shares during the quarter. Summit Creek Advisors LLC owned about 0.11% of Qualys worth $5,724,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of QLYS. SBI Securities Co. Ltd. purchased a new position in shares of Qualys in the 4th quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Qualys in the 4th quarter valued at about $39,000. Fifth Third Bancorp lifted its holdings in Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after buying an additional 99 shares during the last quarter. Quarry LP increased its stake in Qualys by 56.2% during the third quarter. Quarry LP now owns 439 shares of the software maker's stock valued at $56,000 after purchasing an additional 158 shares during the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in Qualys during the fourth quarter worth about $91,000. 99.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Qualys news, insider Bruce K. Posey sold 524 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $129.38, for a total value of $67,795.12. Following the completion of the sale, the insider now owns 65,053 shares in the company, valued at $8,416,557.14. This represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total transaction of $941,430.00. Following the transaction, the chief executive officer now owns 225,453 shares in the company, valued at approximately $30,321,173.97. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,595 shares of company stock worth $3,691,922 in the last 90 days. Company insiders own 1.00% of the company's stock.

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Analyst Ratings Changes

QLYS has been the subject of a number of analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Qualys in a research note on Monday, February 10th. Scotiabank decreased their target price on shares of Qualys from $150.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. StockNews.com upgraded shares of Qualys from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Royal Bank of Canada decreased their price objective on shares of Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Finally, Morgan Stanley started coverage on shares of Qualys in a research note on Tuesday, March 18th. They set an "underweight" rating and a $120.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $146.14.

Qualys Stock Performance

Shares of NASDAQ:QLYS traded down $3.10 during mid-day trading on Friday, hitting $127.03. The stock had a trading volume of 18,590 shares, compared to its average volume of 384,638. The company's 50 day moving average is $135.54 and its 200-day moving average is $136.24. Qualys, Inc. has a 12-month low of $119.17 and a 12-month high of $174.20. The company has a market cap of $4.63 billion, a PE ratio of 27.27 and a beta of 0.56.

Qualys (NASDAQ:QLYS - Get Free Report) last released its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. On average, equities research analysts predict that Qualys, Inc. will post 3.85 EPS for the current fiscal year.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.